government services are starting to get cut in cities in california . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget 26 percent of la's budget is consumed by the budget cuts and what are you going to do? >> i agree. there is it a problem with pensions . they are underfunded and we need to do something about it and the big thing here david, let's be fair and they are benefits that are promised to the employees and we nide to make them whole and they were promised in llieu of pay. >> mike, no one is talking about taking away what was promised. this was for new employees and going into the future. one of the things this will stop david is the way politicians get taxpayers to sign off on the pensions. only so much in salary and we are going to make up the difference and benefits with investment returns . they don't materialize you get situations like california. in california they are shutting down entire strites. >> i think everybody we